2023 was brutal for homebuyers. Here's what to expect in 2024.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
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Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
According to Redfin, roughly 6% of home sales resulted in a loss to the seller, and that number has doubled since last year.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
Kenny Parcell, the trade group's president, steps down after a New York Times report alleged he sexually harassed multiple women.
There are several reasons why it's taking longer for millennials to buy property, one of which is they're being outbid by boomers.
A decade ago, a typical newly built home cost $60,000 more than an older property. Now existing homes can cost just as much.
A Detroit rapper and TikTok star hopes to revitalize the neighborhood he grew up in with his "Buy the Block" campaign. After months of work, he's made his first purchases.
The surge in real estate prices, coupled with rising mortgage rates, has made buying a home prohibitively expensive in most larger cities.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
With all-cash offers, there's less chance of a sale falling through and usually a faster closing.
The gap between renting an owning is the largest it's been in more than 15 years, an industry analysis found.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Federal officials say Sean Tissue faces a maximum of 20 years in prison for wire fraud and five years for bankruptcy fraud.
A Ferndale home has hit the market, and let's just say, this one is unique.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
The Cleveland, Ohio-based home was last bought on eBay in 2004, but has undergone a "massive renovation" since.
Though housing prices have soared in many parts of the country, and inventory is way down, real estate sales may still be stronger in 2021.
Uri Rafaeli is a retired engineer who lost his home for not paying his property taxes in full. He owed $8.41, and yes that is correct, he lost his home for about the price of a movie ticket.
What should be a high right now in the housing market, Detroit is leading the nation in the decline of home sales.
The website Insurify just released a list of the up and coming cities across the country who have the most promise for home values. The city in Michigan that made the list you might find surprising.
As they say, in real estate it's all about location. A tiny little shack next to a landfill may be worthless, but on Malibu Beach could be worth millions. Detroit rated highest in America in what $250K buys in square footage compared to other cities across America.
Curious just how far your dollar goes in Detroit? We've rounded up the latest places for rent to get a sense of what to expect when it comes to locating apartment rentals in Detroit with a budget of up to $900/month.
Curious just how far your dollar goes in Detroit? We've rounded up the latest places for rent to get a sense of what to expect when it comes to locating affordable apartments in Detroit for a budget of up to $1,000/month.
We've rounded up the latest places for rent to get a sense of what to expect when it comes to locating affordable apartments in Detroit if you've got a budget of up to $1,200/month.
The priciest rental listing on the market in Detroit costs $3,240/month. As absurd as it may seem, it's not the only high-end listing in the city. But what glamorous features do renters get for these exorbitant prices?
CBS News Detroit is hearing more from those who knew the victims and the suspect in a quadruple homicide in Livonia, Michigan, on Tuesday.
Byron Buxton hit his 20th home run of the season, Royce Lewis also connected and the Minnesota Twins beat the Detroit Tigers 6-3 on Wednesday night.
Police are searching for a suspect who shot a man on Wednesday at a Wendy's in Eastpointe, Michigan.
With severe storms sweeping through Michigan on Wednesday, thousands are without power.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
CBS News Detroit is hearing more from those who knew the victims and the suspect in a quadruple homicide in Livonia, Michigan, on Tuesday.
Actions that led to a federal indictment against eight people included threats against the Jewish Federation of Metropolitan Detroit.
A 15-year-old boy died from a shooting during a confrontation on May 30 with Fraser police.
Michigan State Police say the U.S. Coast Guard located the body at about 11:55 a.m. while assisting an investigation into an abandoned vehicle.
A complex of storms will move across the region from west to east later Wednesday evening.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
American Axle, which is headquartered in Detroit, is a Tier 1 supplier to General Motors. UAW members have launched a strike at its Three Rivers site.
The UAW became known for fighting for higher wages, improved benefits and safer working conditions for workers across the auto industry.
Stellantis unveiled a nearly $70 million five-year strategic plan with the launch of new vehicles — including hybrids and EVs — over the next five years.
From classic cruisers to new memories still being made, the Woodward Dream Cruise remains a celebration of Michigan's automotive culture.
The 29th annual Michigan Lottery Arts, Beats & Eats festival kicks off Labor Day weekend in Royal Oak.
Joe Negri, known to many as Handyman Negri on "Mr. Rogers' Neighborhood," has died at the age of 99, just days shy of his 100th birthday.
Stephen Colbert, former host of "The Late Show," is helping raise money for the Michigan nonprofit Monroe Community Media after appearing on a broadcast of the organization's community access program "Only in Monroe" earlier this month.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
Byron Buxton hit his 20th home run of the season, Royce Lewis also connected and the Minnesota Twins beat the Detroit Tigers 6-3 on Wednesday night.
After years of construction and decades of planning, the Gordie Howe International Bridge appears to be closer than ever to opening.
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
The recall affects certain Honda Pilot, Ridgeline, Passport, and Acura MDX vehicles sold in 23 states and the District of Columbia.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
New data from Flint's Rx Kids program shows an 18% reduction in preterm births and a 27% drop in low birth weights, and Detroit officials say they expect similar results as enrollment nears 3,000 families.
Feldman Automotive and the Wahlberg family teamed up to launch the outing six years ago, growing it into one of the region's top charity golf events.
Now out of the hospital, Tavaun Clark says he's focused on recovering and getting back to what he loves most, playing football this summer.
According to the U.S. Attorney's Office, the two people are accused of providing federal authorities with false statements after arriving at the McNamara Terminal on Jan. 25, 2026.
West Nile virus has been detected among mosquitoes in two locations near Grand Rapids, the Kent County Health Department said.
Byron Buxton hit his 20th home run of the season, Royce Lewis also connected and the Minnesota Twins beat the Detroit Tigers 6-3 on Wednesday night.
Dillon Dingler had two homers among his four hits and drove in four runs, leading the Detroit Tigers to a 10-4 win over the Minnesota Twins.
2026 will be the final year for the Rocket Classic in Detroit.
Detroit Red Wings captain Dylan Larkin has requested a trade by submitting a three-team list of desired destinations, a person familiar with discussions confirmed to The Associated Press.
Feldman Automotive and the Wahlberg family teamed up to launch the outing six years ago, growing it into one of the region's top charity golf events.
Four leaders appear in one-on-one conversations on CBS Detroit's Michigan Matters this Sunday to discuss their political futures and the road ahead in the 2026 midterms.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
It's the fourth year the Detroit Grand Prix has been on the streets of the Motor City after moving from Belle Isle.
This week on Michigan Matters, the roundtable talks about the governor's race and the impact of former Detroit Mayor Mike Duggan.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
The city of Hamtramck is now looking for a new city manager after a sudden and contentious vote by the council to terminate Adel Al-Adlani.
A federal grand jury indicted eight people associated with the University of Michigan for allegedly being involved in conspiracies to threaten university leaders, law enforcement officials and businesses.
An investigation is ongoing after a shooting in Livonia on Tuesday left four people dead. A friend of one of the victims and a neighbor reacted to the tragedy.
Jury deliberations began in the case against a former Warren police officer who crashed into a car that killed two men in September 2024.
On Tuesday, the Dearborn Heights City Council voted unanimously to approve a ban on e-bikes on all city-owned property, effective immediately.